Project Completion Validation Report: Student Loan Scheme (SIXTH LOAN)

The Grenada Development Bank (GDB) has been involved with CDB’s Student’s Loan Scheme (SLS) programme for over 15 years. In July 2001, GDB submitted an application for funds to finance its student loan programme. Following discussions between the Government of Grenada (GOGR), GDB and CDB, concerning the performance of GDB, and negotiations with GOGR, the Board of Directors (BOD) of CDB approved a loan on October 10, 2002 to GOGR not exceeding the equivalent of 3.548 million (mn) United States dollars (USD3.548 mn).



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